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Frencken Group sees 5.2% growth in 2H20 earnings of $23.8 mil; profit holds steady in FY20 despite slight dip in revenue

Jovi Ho
Jovi Ho • 4 min read
Frencken Group sees 5.2% growth in 2H20 earnings of $23.8 mil; profit holds steady in FY20 despite slight dip in revenue
Frencken Group’s revenue fell 5.8% y-o-y to $620.6 million for the full year FY2020 ended December, owing to lower sales.
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For the 2HFY2020 ended December, Frencken Group saw 5.2% higher earnings of $23.8 million from earnings of $22.7 million posted the year before.

This brings full-year earnings to $42.6 million, 0.5% higher than FY2019 earnings of $42.4 million.

Frencken Group’s revenue fell 5.8% y-o-y to $620.6 million for the full year FY2020 ended December, owing to lower sales contributions from both the Mechatronics and IMS Divisions.

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